Gold Extends Losses to Fourth Day, Nears YTD Lows Near $3,945
Gold (XAU/USD) continues its decline for a fourth straight session, pressured by rising US Treasury yields, approaching year-to-date lows around $3,945.
XAUUSD
Gold extended its losing streak for a fourth consecutive day on Wednesday, hitting a session low of $3,960. The precious metal is now hovering near its year-to-date low of $3,945, under pressure from higher US bond yields.
Higher yields increase the opportunity cost of holding non-yielding assets like gold, prompting further selling. The recent price action suggests persistent bearish momentum as the XAU/USD pair remains vulnerable to additional downside.
Source: FXStreet Forex News